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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 204 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

NameDateTime takenScore ___ / 40
  1. 1.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  3. 3.One friendship band costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One handmade card costs ₹16 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹50 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹44 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  8. 8.One jute bag costs ₹40 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹60 to make and Aarav sells it for ₹72. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  13. 13.One handmade card costs ₹48 to make and Aarav sells it for ₹72. What is the markup in percent?
  14. 14.One cupcake costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹22 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹40 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹56 to make and Nisha sells it for ₹70. What is the markup in percent?
  18. 18.One glass of chai costs ₹46 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One fruit cup costs ₹13 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹50 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹52 to make and Arjun sells it for ₹65. What is the markup in percent?
  23. 23.One friendship band costs ₹28 to make and Arjun sells it for ₹35. What is the markup in percent?
  24. 24.One painted pebble costs ₹48 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹19 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One clay diya costs ₹55 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One painted pebble costs ₹34 to make and Nisha sells it for ₹51. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹44 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹28 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹35 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹60 to make and Joseph sells it for ₹75. What is the markup in percent?
  32. 32.One glass of chai costs ₹16 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  34. 34.One handmade card costs ₹44 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹13 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹10 to make and Kavya sells it for ₹15. What is the markup in percent?
  37. 37.One glass of chai costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  39. 39.One cupcake costs ₹40 to make and Kavya sells it for ₹44. What is the markup in percent?
  40. 40.One glass of chai costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. a loss
  2. what buyers will pay
  3. 44
  4. 32
  5. 10
  6. 44
  7. 10
  8. 8
  9. 55
  10. 20
  11. cost + a markup
  12. 10 rupees
  13. 50
  14. 3
  15. 11
  16. 50
  17. 25
  18. 23
  19. 44
  20. 13
  21. 10
  22. 25
  23. 25
  24. 12
  25. 38
  26. 11
  27. 50
  28. 55
  29. 42
  30. 7
  31. 25
  32. 4
  33. 10
  34. 55
  35. 26
  36. 50
  37. 5
  38. 10
  39. 10
  40. 5

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